Refinance

The Phoenix-based school's debt was rated a notch above junk — to BBB-minus by Fitch Ratings ahead of a refinancing of bonds from a 2021 issue.

The sale of the bonds allowed ACTA to reshape its debt service profile and avoid projected debt service shortfalls by refunding into capital appreciation bonds and extending maturity dates.

Republicans in the New York county's legislature oppose the debt restructuring, which would save the county an estimated $285 million in interest next year.

Even while the nation's economy is reeling from the impact of COVID-19, the municipal bond market is good news for cities looking to restructure their debt because of historically low interest rates.

Like a homeowner making extra mortgage payments when times are good, King George County is looking to pay down its debt before times get bad — and one of its primary sources of revenue is no longer available.

It took creativity to refinance levee bonds, but the savings have exceeded officials' initial expectations.

The council's Democratic majority boycotted a vote that Mayor Erin Stewart had called "very, very important."

The Edwardsville District 7 Board of Education could save $731,000 by refinancing bonds.

The Lackawanna County, Pa., administration expects to save $5.25 million by refinancing another $58.49 million of the county's debt.

WILKES-BARRE, Pa. -- City council Thursday night bought the sales pitch made by the administration for a long-term debt restructuring deal that includes funds to replace sections of Solomon Creek wall.